Walmart Ground Lease Retail
For Sale
Contact for pricing
Pending
1220 Highway 466, Lady Lake, FL 32159
Newly developed retail property supported by a 20-year ground lease and positioned within a growing residential and commercial corridor.
Property Size48,852 SF
Days on Market102
Property Features for 1220 Highway 466
General Information
Standard status
Pending
Size
48,852 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Site & Location
Corner Location
Yes
Traffic Count
24,000 vehicles/day
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Thomas Ladt · License #CA 01803956
Source:
Crexi
Added: Jul 7
Changed: Oct 10
Last Checked: Oct 14 at 10:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - San Diego - Carlsbad, California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 48,852-square-foot retail property is scheduled for completion in 2026 and is structured around a 20-year ground lease with Walmart. The asset occupies a hard-corner position along County Road 466, providing access and exposure within an established commercial and residential corridor.
The property is positioned at the entrance to Hammock Oaks, a community planned for 1,142 residential units, and The Reserve, planned for 1,032 units. It is also adjacent to The Villages, a 55-plus master-planned community with 145,000 residents and 18,000 employees. County Road 466 carries 24,000 VPD, while the primary trade area includes 111,179 residents and 124,734 daytime residents.
Household income averages $112,187 within 1 mile and $103,821 within 5 miles, providing additional demographic context for the surrounding retail corridor.
The property is positioned at the entrance to Hammock Oaks, a community planned for 1,142 residential units, and The Reserve, planned for 1,032 units. It is also adjacent to The Villages, a 55-plus master-planned community with 145,000 residents and 18,000 employees. County Road 466 carries 24,000 VPD, while the primary trade area includes 111,179 residents and 124,734 daytime residents.
Household income averages $112,187 within 1 mile and $103,821 within 5 miles, providing additional demographic context for the surrounding retail corridor.
Key Highlights
- 48,852‑square‑foot retail property scheduled for completion in 2026
- 20‑year ground lease with Walmart
- Hard‑corner location along County Road 466 with 24,000 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$577,988
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,559,760
$11.6M
Cap Rate 7%
$8,256,971
$8.3M
Cap Rate 9%
$6,422,089
$6.4M
Market Conditions
NOI Build-Up for 48,852 SF
Gross rent
$879.3K $18.00/SF
− Vacancy
−$53.6K −$1.10/SF
EGI
$825.7K $16.90/SF
− OpEx
−$247.7K −$5.07/SF
NOI
$578.0K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,559,760
Cap Rate 7%
$8,256,971
Cap Rate 9%
$6,422,089
Alternative Uses
Best Use
Specialty Retail
$10.88M
$9.52M – $12.69M
NOI $761,329 @ 7.0% cap · market cap 11.61%
Second Best
Retail
$8.26M
$7.22M – $9.63M
NOI $577,988 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$13.90M
$12.16M – $16.22M
NOI $973,132 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
SmartStop Self Storage
Shops & Services
1,602 visits/mo
0.2 miles
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Newly developed retail property supported by a 20-year ground lease and positioned within a growing residential and commercial corridor.
Where is this retail space located?
The property is located at 1220 Highway 466 Lady Lake, FL.
What is the asking price?
The asking price for this property is $6,555,000.
What are key features of this property?
This property features: 48,852‑square‑foot retail property scheduled for completion in 2026; 20‑year ground lease with Walmart; Hard‑corner location along County Road 466 with 24,000 VPD
